M&A Deal Summary

AMETEK Acquires Global Tubes

On May 8, 2015, AMETEK acquired manufacturer Global Tubes from Watermill Group for 200M USD

Acquisition Highlights
  • This is AMETEK’s 7th transaction in the Manufacturing sector.
  • This is AMETEK’s 9th largest (disclosed) transaction.
  • This is AMETEK’s 40th transaction in the United States.
  • This is AMETEK’s 4th transaction in Pennsylvania.

M&A Deal Summary

Date 2015-05-08
Target Global Tubes
Sector Manufacturing
Buyer(s) AMETEK
Sellers(s) Watermill Group
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Goodwin Procter (Legal)

Target

Global Tubes

Collegeville, Pennsylvania, United States
website
Global Tubes is a manufacturer of highly specialized precision metal tubing from a wide variety of metals and alloys including stainless steel, nickel, zirconium, and titanium. Its products are used in highly engineered applications serving the aerospace, energy, power generation, and medical markets.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

website


Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees19,600
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.


DEAL STATS #
Overall 47 of 71
Sector (Manufacturing) 7 of 8
Type (Add-on Acquisition) 42 of 64
State (Pennsylvania) 4 of 4
Country (United States) 40 of 59
Year (2015) 1 of 2
Size (of disclosed) 9 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Amptek

Bedford, Massachusetts, United States

Amptek, Inc. is a provider in the design and manufacture of state-of-the-art nuclear instrumentation for the satellite, x-ray and gamma ray detection, laboratory, analytical, and portable instrumentation industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Cognex Corp - Surface Inspection Systems Division

United States

Cognex Corp - Surface Inspection Systems Division is develops and manufactures software-enabled vision systems used to inspect surfaces of continuously processed materials for flaws and defects.

Buy $160M

Seller(S) 1

SELLER

Watermill Group

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Watermill Group is a private investment firm focused on acquiring/investing in mid-sized businesses operating in traditional industries. Watermill generally looks for US or Canada-based companies which require operating, strategic and capital resources to grow. Sectors of interest include metals, rubber/plastics, paper, packaging, chemicals, food products, value-added distribution, manufacturing, business services, and building products/services. Prospective companies typically generate $35 to $400 million revenues, however Watermill will consider certain smaller businesses as well. Watermill will not invest in fashion businesses, tech companies or industries characterized by short product life cycles or binary outcomes. Watermill was formed in 1978 and is based in Lexington, Massachusetts.


DEAL STATS #
Overall 8 of 11
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Pennsylvania) 2 of 2
Country (United States) 8 of 11
Year (2015) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 FutureMark Paper

Alsip, Illinois, United States

FutureMark Paper Co. is a provider of recycled paper for books and magazines, as well as for commercial printing and packaging applications. FutureMark Paper was formed in 1968 and is based in Alsip, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Quality Metalcraft

Livonia, Michigan, United States

Quality Metalcraft is a provider of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production, and factory assist services to automotive and other specialty vehicle industries. Quality Metalcraft was formed in 1964 and is based in Livonia, Michigan.

Buy -